Business
Nasdaq Drops Nearly 2% on Chip Selloff and Strong Jobs Data Fueling Hawkish Fed Outlook
NEW YORK — The Nasdaq Composite fell sharply Friday, shedding about 498 points or 1.86% to trade around 26,333 in morning action, extending losses from the previous session as technology and semiconductor stocks faced renewed pressure amid disappointing guidance from key AI players and a stronger-than-expected jobs report.
The decline comes after Thursday’s mixed session, where the tech-heavy index closed slightly lower despite a record-setting performance for the Dow Jones Industrial Average. Broadcom’s post-earnings plunge continued to weigh on sentiment, triggering a broader selloff in artificial intelligence-related shares that have powered much of the market’s gains this year.
The May nonfarm payrolls report showed 172,000 new jobs added, significantly beating consensus estimates around 85,000. Unemployment held steady at 4.3%, while prior months’ figures were revised upward, signaling a resilient labor market. The data pushed Treasury yields higher, with the 10-year note climbing as investors dialed back expectations for near-term Federal Reserve rate cuts.
Broadcom and Chip Sector Weakness
Broadcom shares, already down over 12% on Thursday after its fiscal second-quarter results and forward outlook disappointed investors despite beating estimates, extended losses. The semiconductor giant’s AI revenue growth, while robust, fell short of the lofty expectations baked into its premium valuation, sparking concerns about the sustainability of the AI boom.
The weakness rippled across the sector. Marvell Technology, Micron Technology, Advanced Micro Devices and others traded lower, amplifying the Nasdaq’s vulnerability as a tech-centric benchmark. Nvidia, the poster child for AI enthusiasm, also faced modest pressure despite its recent dominance.
Analysts described the move as a healthy rotation or profit-taking after months of concentrated gains in a handful of mega-cap tech names. However, the pullback highlights the market’s sensitivity to any perceived softening in AI demand signals.
Jobs Data and Policy Implications
The strong employment figures reinforced a “good news is bad news” dynamic for equities. While underscoring economic strength, the report raised fears that the Fed may maintain higher rates for longer to combat lingering inflation pressures, especially with energy costs influenced by geopolitical developments.
Market participants now price in fewer rate cuts for 2026, with some even contemplating the possibility of a hike if data remains robust. Higher yields typically pressure growth stocks, which derive much of their value from future cash flows discounted at lower rates — a dynamic particularly painful for the Nasdaq.
Broader Market Rotation
In contrast to the Nasdaq’s struggles, the Dow Jones Industrial Average showed relative resilience earlier in the week, benefiting from gains in healthcare, financials and other cyclical sectors less exposed to tech volatility. This rotation from high-growth tech into value and defensive names has been a recurring theme amid valuation concerns.
The S&P 500 also faced downward pressure but to a lesser degree, reflecting its more diversified composition. Small-cap stocks in the Russell 2000 offered mixed signals, sometimes benefiting from rotation but vulnerable to higher rate expectations.
Context of Recent Market Trends
The Nasdaq has enjoyed substantial gains in 2026, up around 15% year-to-date prior to Friday’s move, driven by enthusiasm for AI infrastructure. However, periodic pullbacks like this serve as reminders of concentration risks, with a few names accounting for a disproportionate share of index performance.
Geopolitical factors, including developments around Iran and energy markets, added another layer of uncertainty. While some progress toward de-escalation had supported sentiment previously, any renewed tensions could influence oil prices and inflation expectations.
Company-Specific and Sector Dynamics
Beyond Broadcom, other recent earnings like CrowdStrike’s contributed to the cautious mood, with shares slipping on operating expense concerns despite beats. The semiconductor index faced particular scrutiny as investors questioned whether current multiples reflect realistic growth trajectories.
Positive undercurrents remain in areas like consumer stocks and certain industrials, which rose on Friday amid dipping oil prices and the broader rotation. This divergence underscores a maturing bull market where leadership broadens beyond pure tech plays.
Investor Implications and Outlook
For investors, Friday’s action emphasizes the importance of diversification and a long-term perspective. While tech corrections can feel sharp, they often create opportunities for those with conviction in underlying secular trends like AI adoption.
Looking ahead, focus shifts to upcoming inflation data, Fed speeches and corporate earnings. The market will gauge whether the jobs strength alters the Fed’s path or if cooling signals emerge. Analysts generally remain constructive on equities, citing solid corporate fundamentals, but warn of volatility as the year progresses.
The Nasdaq’s 52-week range reflects both its upside potential and capacity for corrections. With the index still well above levels from a year ago, the current dip may represent consolidation rather than a trend reversal, provided economic growth remains balanced.
Market participants are advised to monitor volume, sector leadership shifts and policy signals closely. In a landscape defined by technological disruption and macroeconomic crosscurrents, adaptability remains key. Friday’s decline, while notable, fits within normal market fluctuations amid an evolving economic backdrop.
As trading continues, attention will remain on whether bargain hunters step in or if selling pressure intensifies around key technical levels. The interplay between strong fundamentals and valuation discipline will likely dictate the Nasdaq’s trajectory in the sessions ahead.
Business
SBI shares on gaining spree; hit record high
In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.
Business
Now You Can Get a Subway Sandwich With Your Walmart Delivery
is getting into the restaurant-delivery business.
The retail giant said Thursday it will offer customers the option to order 30-minute delivery from 1,400 Subway locations inside its stores by this summer, the next stage of its plan to use its driver network to go toe-to-toe with food-delivery companies such as Uber Technologies and DoorDash DASH -2.04%decrease; red down pointing triangle.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
Earnings season takeaways: resilient, but for how long?

Earnings season takeaways: resilient, but for how long?
Business
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1538 ET – Oil futures pull back after three straight sessions of gains, with a tentative ceasefire agreement between Israel and Lebanon suggesting possible support for U.S.-Iran talks. “The problem is that Iran-backed Hezbollah is not part of the agreement,” Arlan Suderman of StoneX says in a note. Recent data show some ships getting through the Strait of Hormuz, he notes. “The increased passages does not come close to erasing the energy deficit, but it does help for the time being. Nor do we see production being restored in the region.” WTI settles down 3.1% at $93.04 a barrel. Brent falls 2.8% to $95.03.(anthony.harrup@wsj.com)
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
COPT Defense Properties: Unique Property Niche Makes Shares A Gem
COPT Defense Properties: Unique Property Niche Makes Shares A Gem
Business
9 Business Ideas To Earn Money Today Without Capital
Many people believe that starting a business always requires money. While having capital can certainly help, it is not always necessary. In reality, there are many ways to start earning income using only your time, skills, and creativity.
If you are currently struggling financially and need to earn money immediately—even within the same day—there are several simple business ideas you can start right away without spending anything.
The key is to focus on services instead of products. Services rely on effort rather than capital, which means you can start immediately using what you already have.
Here are nine practical business ideas you can try today if you need to earn money quickly without any upfront investment.
1. Offer Errand Services
Many people are simply too busy to complete everyday tasks. This creates an opportunity for you to earn money by offering errand services.
You can help people with tasks such as:
- Buying groceries
- Picking up packages
- Paying bills
- Dropping off documents
- Waiting in line for services
Start by offering your service to neighbors, coworkers, or friends through social media. Even charging a small service fee can quickly add up if you complete multiple errands in a day.
Since this only requires your time and willingness to help, it is one of the easiest ways to earn money immediately.
2. Sell Unused Items Online
One of the fastest ways to earn money within the day is by selling items you already own but no longer use.
Look around your home and identify things such as:
- Clothes you rarely wear
- Old gadgets or accessories
- Books
- Kitchen tools
- Unused decorations
Take clear photos and post them on Facebook Marketplace, community groups, or messaging apps. Price them slightly lower than market value to attract buyers quickly.
Many people manage to sell items within hours, especially if the price is reasonable.
3. Offer Cleaning Services
Cleaning services are always in demand. Many homeowners would gladly pay someone to help clean their house, yard, or garage.
You can offer services such as:
- Basic house cleaning
- Garage organizing
- Yard sweeping
- Dishwashing
- Laundry assistance
Start by posting in local Facebook groups or messaging neighbors. Since this type of service requires effort rather than capital, it is perfect for earning money quickly.
Even a single cleaning job can bring immediate income on the same day.
4. Become a Local Delivery Helper
With the rise of online selling and food deliveries, many small sellers need help delivering items to customers.
If you have a bicycle, motorcycle, or even just the ability to walk short distances, you can offer delivery services for local sellers.
Message online sellers in your area and offer to deliver their orders for a small fee. Some sellers are happy to outsource deliveries because it saves them time and effort.
This can quickly turn into multiple delivery tasks in one day.
5. Offer Basic Tech Help
Not everyone is comfortable with technology. Many people need help with simple tasks like setting up apps, installing software, or fixing small phone or computer issues.
If you have basic tech knowledge, you can offer help such as:
- Installing applications
- Setting up email accounts
- Cleaning phone storage
- Troubleshooting slow devices
- Teaching basic smartphone usage
Even simple tech assistance can be valuable to those who struggle with digital devices.
You can charge a small service fee and finish multiple tasks within the same day.
6. Offer Writing or Typing Services
If you have access to a computer or smartphone and can type quickly, you can offer writing or typing services.
Examples include:
- Typing handwritten notes
- Creating simple documents
- Transcribing audio recordings
- Writing short social media captions
Students, small businesses, and content creators often need quick help with these tasks.
Promote your service on social media or among friends who might need assistance.
7. Pet Sitting or Dog Walking
Pet owners sometimes need someone to watch or walk their pets while they are busy or away from home.
You can offer services such as:
- Dog walking
- Pet feeding
- Short-term pet sitting
- Cleaning pet areas
This can be a fun and easy way to earn money while spending time with animals.
Ask neighbors or post in community groups to find pet owners who need help.
8. Offer Simple Tutoring
If you are good at a particular subject, you can offer tutoring services to students who need help.
This could include:
- Basic math tutoring
- English conversation practice
- Homework assistance
- Exam preparation
You do not need to be a professional teacher. Many parents simply want someone patient who can help their children understand lessons better.
Even short tutoring sessions can provide immediate income.
9. Social Media Posting for Small Businesses
Many small businesses want to promote their products online but do not have the time to manage their social media pages.
You can offer simple services such as:
- Posting product photos
- Writing captions
- Replying to basic messages
- Sharing posts in groups
If you already spend time on social media, this can easily become a small service business.
Start by contacting small online sellers and offering affordable help managing their posts.
When money is tight, the most important thing is to focus on action instead of waiting for the perfect opportunity. Many successful entrepreneurs started with nothing but determination and a willingness to work.
The good news is that earning money does not always require large investments. By offering useful services, helping others solve small problems, and using the skills you already have, it is possible to start earning income immediately.
Try one or two of these ideas today and see which works best for you. Sometimes, the simplest opportunities can lead to bigger business ideas in the future.
Remember, every successful business once started with a single small step.
Business
Cairn: Vedanta plunges 5.59 per cent on LSE amid talks to buy Cairn stake
In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
The broader market was also weak and the benchmark FTSE 100 was trading at 5,248.95, down 0.32 per cent in the late afternoon session.
On the other hand, Cairn Energy Plc climbed 1.41 per cent and was being quoted at 4.59 pounds on the LSE.
In India too, Vedanta Group firm Sterlite Industries sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.
In contrast, Cairn Energy Plc’s Indian arm, Cairn India, surged by over 5 per cent to hit its highest-ever level of Rs 358 on the BSE. The scrip ended with a gain of 355.45, up 4.36 per cent.
Vedanta Resources Plc is in talks to acquire a majority 51 per cent stake in Cairn India for about USD 8-8.5 billion (nearly Rs 40,000 crore) and a deal may be announced on Sunday evening or Monday.Scottish explorer Cairn Energy Plc, which holds a 62.37 per cent stake in India-listed Cairn India, is seeking up to a 20 per cent premium for passing on the controlling stake, two persons in-the-know of the development said.
Agarwal “is meeting Cairn Energy Plc Chief Executive Bill Gammell in London today and the deal is likely to be announced as early as Sunday evening or on Monday,” one of them said.
The deal will be contingent on government approval, as Cairn’s three producing oil and gas assets, including the giant Rajasthan fields, and seven exploration blocks either have explicit provisions for seeking prior approval before the transfer of interest or gives pre-emption, or the right of first refusal, on any shares being sold to partners like ONGC.
Business
McDonald’s tests AI order-taking system ArchIQ at five US locations
Ed Rensi on Yum! Brands Habit Burger acquisition and McDonald’s culture change
McDonald’s customers may soon be giving their order to a robot.
The fast food company is testing a new artificial intellience order-taking system at the drive-thru called ArchIQ at five locations across the country right now, according to Restaurant Business Magazine.
The initiative is part of the company’s new brand strategy called McDonald’s Next, which was announced this week.
FOX Business has reached out to McDonald’s for comment.
MCDONALD’S UNVEILS NEW GROWTH STRATEGY TO WIN BACK CUSTOMERS

McDonald’s is testing a new A.I. order-taking system at the drive-thru. (Artur Widak/NurPhoto via Getty Images / Getty Images)
While introducing McDonald’s NEXT earlier this week, CEO Chris Kempczinski said that customers shouldn’t have to choose between “hospitality or speed.”
McFranchisee, an X account for a McDonald’s franchise, said this week that Google is affiliated with the new project.
“Meet Archy IQ – no, we are not new to AOT. In fact, we have been in this AI field for about 8 years,” McFranchisee wrote on X on Tuesday.
MCDONALD’S AI HIRING CHATBOT EXPOSED DATA OF JOB CANDIDATES
“We sold our in-house model to IBM and moved on as it wasn’t good enough for our needs. As mentioned below, I wanted to hire Google (who uses NVIDIA) to service our AOT 3 years ago and found out today that Google is behind this project. We are currently in 5 test stores, having processed over 1M transactions with about 90% of orders completed without human escalations. Impressive for a new test.”

A woman works in a McDonalds in Manhattan on January 05, 2024 in New York City. (Spencer Platt/Getty Images / Getty Images)
McFranchisee said that every McDonald’s in the country will get Google Edge Cloud blades installed ahead of the rollout.
“Archy will not only assist drive-thru orders but act as a master brain to help managers run a better restaurant,” it added. “It’s like a personal assistant that alerts you to potential bottlenecks or issues.”
Most of the comments under the X post were negative.
“We all hate the system installed at Wendy’s,” one person wrote. “We hate the kiosks at McDonald’s, Wendy’s, and Taco Bell that we are asked to use instead of talking to a person. We will hate this too. Say goodbye to customers.”

The McDonald’s logo is displayed at a McDonald’s restaurant on July 22, 2024 in Burbank, California. (Mario Tama/Getty Images / Getty Images)
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“No one wants this – we like dealing with smiling faces,” another said, to which McFranchisee replied, “We still smile at the cash and present window – this is just at the speaker.”
The new A.I. initiative comes two years after McDonald’s dropped another similar effort.
Business
Cairn India hits record high on BSE amid stake sale talks
The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.
Analysts said the stock zoomed on reports that Vedanta is in talks to buy a 51 per cent stake in Cairn India from its parent firm, Cairn Energy, which holds a 62.4 per cent stake. The deal size is estimated to be between USD 8-8.5 billion.
“The deal is positive for the stock, as even the lower- end of the deal ($8 billion) will value Cairn India at USD 15.7 billion compared to the current market cap of $14.4 billion,” Elara Securities analyst Alok Deshpande said.
“In the short term, we expect the stock to rally towards the deal valuation upon the official announcement, which is expected on August 16, according to media reports,” he added.
Cairn India’s parent company, Cairn Energy Plc, also zoomed nearly 2 per cent on the London Stock Exchange and was being quoted at 4.61 pounds in late afternoon trade.
In contrast, NRI billionaire Anil Agarwal-led Vedanta Resources Plc plunged by 5.5 per cent to 20.61 pounds on the LSE.In addition, Sterlite Industries, a Vedanta Group firm, sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.
“If the deal happens, it is obvious that Vedanta is planning to be a long-term investor. In that case, we feel the deal valuation is fair, considering our expectations of a reserve upside from other Rajasthan fields in some time in the future,” Deshpande said.
Business
Asset Quality Concerns Linger For Hingham Institution For Savings Stock (NASDAQ:HIFS)
I have been involved in the financial world for over 25 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for profits on individual stocks come from stocks that are less-widely followed by the average investor or from stocks that may not accurately reflect the opportunities that currently exist in their markets.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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